70% tax drop in Greek real estate purchases

The requested law clarifications will allow the property market to unlock contracts, and start posting again healthy sales volume figures, a fact that will trigger a stop sign in further price drops the real estate market already experiences for six consecutive years. The Greek State is expected to finalise this issue by mid-February so to truly unlock the whole real estate market, and even allow an added thin tax stream to reach the Public Accounts.

It should be noted that while prices are at the present low levels, sales can be reserved in advance, through well instructed preliminary notary agreements. Our office's legal reps can contribute in win-win deals, in order to finalise transfers once the State releases the final articles of the capital gains Tax Law.

Engel & Völkers Athens North is welcoming all enquiries for properties in the best addresses all along Athens. Since 2009, our team has exhibited a strong determination to develop a significant portfolio in the Northern and Uptown parts of the city. Effective February 2014, our customers will also be able to indulge in our services and property portfolio, and find their perfect home for their needs and demands in the sea side part of the capital, in southern districts of Athens like Glyfada, Voula, Vouliagmeni, Kavouri, and all the way up to Sounio. Our office will be able to cover more areas in Athens in the near future.

Engel & Völkers Athens North offers its qualified real estate consultants in assisting you to find not only the perfect home for your needs but also offer you a hassle free experience throughout the whole purchase path.